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Russia Articles
After reporting earnings after markets closed on Thursday, Visa held its conference call to add some color to its rather boring second-quarter results.
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ThinkstockRussia paid for the instability it has helped create in Ukraine and the surrounding areas. S&P cut its foreign currency rating to BBB-/A-3 from BBB-/A-2. The outlook on the currency...
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ThinkstockRussia is the world’s seventh largest economy based on gross domestic product (GDP). The CIA World Factbook puts its GDP for 2013 at $2.55 trillion. An even modest contraction would push...
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ThinkstockMcDonald’s Corp. (NYSE: MCD) will close its three restaurants in Crimea, saying that it is “currently evaluating potential business and regulatory implications which may result from the...
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J.P. Morgan announced Thursday that it has received clearance from U.S. regulators to process a transfer of funds from the Russian embassy in Kazakhstan to an insurance company partly owned by...
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In the first such action by a large U.S. financial institution as a result of sanctions against Russia, J.P. Morgan blocked a transfer of funds from a Russian embassy to an insurance company partly...
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ThinkstockHow long should a winning streak really last in the stock market? A casual market observer might think the market has a 50-50 chance of being up or down on any given day, so what about when...
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U.S. Department of EnergyThe U.S. Strategic Petroleum Reserve (SPR) currently holds 695.9 million barrels of oil and has a total capacity of 727 million barrels. And unless it is under consideration...
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After saying last Friday that they would not be processing transactions for Russian banks, Visa and MasterCard resumed such processing on Saturday. Bank owners were on a list of Russian officials and...
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ThinkstockWhen President Obama announced the second round of sanctions Thursday on 13 Russian individuals, the list included Gennady Timchenko, co-founder of Gunvor, the world’s fourth-largest oil...
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ThinkstockFollowing President Obama’s order on Thursday of sanctions against two dozen Russian citizens, credit card issuers Visa Inc. (NYSE: V) and MasterCard Inc. (NYSE: MA) have stopped...
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Russian billionaire Alisher Usmanov reportedly has sold shares in Apple and Facebook to focus on Alibaba and other tech investments in China. He also may expand his stakes in Russian assets.
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ThinkstockIn a speech Tuesday morning, Russian President Vladimir Putin struck both a defiant and a conciliatory tone. On one hand he accused the West of fostering a putsch in Kiev and that Crimea is...
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ThinkstockJust one day after more than 90% of Crimea’s voters indicated their desire to join the Russian Federation, the region’s parliament has made a proposal to join the Federation as the...
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ThinkstockVladimir Putin’s decision to try to seize Crimea from Ukraine may make nationalists happy, but investors — Russian or otherwise — are getting clobbered. Russian stocks have been in a...
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